Illness impacting renters' finances

The research, which surveyed 1,000 renters in the UK, also showed that 86% of renters were unsure that they would be able to afford the rent after more than three months of not working due to illness. Renters would rely on borrowing money from family members (36%); dipping into cash savings (35%); and dipping into "rainy day" pots (33%) when surviving a financial crisis because of an illness. LifeSearch highlighted that more people would opt for borrowing money from a short-term finance provider (6%) than are able to claim on an insurance or protection policy (4%). Ed Axon, chief g...